Current Central Bank of India Home Loan interest rates varies between 6.85% to 7.30%. The Central Bank of India follows the MCLR method to determine the interest rates on retail loans. 

Here is the latest MCLR Rates w.e.f 10th June 2021

MCLR revised rates w.e.f. 10.06.2021

Tenor

MCLR

Overnight

6.55%

1 month

6.55%

3 month

6.85%

6 month

7.00%

1 year

7.10%

 

Central Bank of India Latest Home Loan Interest Rates

Home Loan Interest Rates for existing Borrowers

Description

Repo rate

SPREAD

Low-Risk Rating Premium

ROI Low Risk

Medium Risk Rating Premium

ROI Medium Risk

High-Risk Rating Premium

ROI High Risk

Cent Home Up to Rs.25 Lacs

4.00

2.85

0.00

6.85

0.10

6.95

0.20

7.05

Cent Home Rs.25 Lacs – Rs.30 Lacs

4.00

2.85

0.00

6.85

0.10

6.95

0.20

7.05

Cent Home Rs.30 Lacs-Rs.75 Lacs

4.00

2.85

0.00

6.85

0.10

6.95

0.20

7.05

Cent Home >Rs. 75 Lacs

4.00

2.85

0.00

6.85

0.10

6.95

0.20

7.05

 

Home Loan Interest Rates for New Borrowers

Description

Repo rate

SPREAD

Low-Risk Rating Premium

ROI Low Risk

Medium Risk Rating Premium

ROI Medium Risk

High-Risk Rating Premium

ROI High Risk

Cent Home Up to Rs.25 Lacs

4.00

2.85

0.00

6.85

0.25

7.10

0.45

7.30

Cent Home Rs.25 Lacs – Rs.30 Lacs

4.00

2.85

0.00

6.85

0.25

7.10

0.45

7.30

Cent Home Rs.30 Lacs-Rs.75 Lacs

4.00

2.85

0.00

6.85

0.25

7.10

0.45

7.30

Cent Home >Rs. 75 Lacs

4.00

2.85

0.00

6.85

0.25

7.10

0.45

7.30

 

Additional Read: Central Bank of India Eligibility Check

 

EndNote

Home Loan interest rates have decreased greatly in the past few years. This has led to a boom in the real estate sector. Lenders are continuously offering great offers and discounts to home loan borrowers to encourage them.